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20120901
20120930
Search Results 0 to 7 of about 8 (some duplicates have been removed)
meant to get banks to lend more to businesses and individuals here in the united states. in the same week, the european central bank cleared a major legal hurdle to its permanent bailout fund. italy and spain, two big countries considered too big to fail in the ongoing eurozone crisis could get bailouts going forward to bring down their borrowing costs. both are interests of central banks initiating action when the political will to act the lacking, whether in washington or in europe's capitals. joining me now to debate the topic is richard quest in london. he's the host of "quest means business" on cnn international. richard, welcome. today's q&a question is, are central banks saving the world or are they making things worse? i'll go first, richard. give me 60 seconds on the clock, starting now. richard, central banks are doing the right thing by taking action to shore up our troubled economies, but it is only half the equation. when there's a world financial crisis like the one we witnessed four years ago when lehman brothers collapsed, two things need to be done. number one, centr
for the united states. >> allowing our own congress to check our moves. >> i'm not going to play ken rogoff in chess. ken is exactly right. this is actually washington. this is the nature of our political system. they always put off the tough decisions till the last minute. a little point of optimism. this week, the house senate, democrats and republicans, had a hearing on what to do about this tax system that ken and i have so much about that's an abomination, that's an albatross around the neck of the politicians. they said, next year, we've got to do this. and i think 2013 -- hold me to this promise -- i think next year, they do something really big on fixing the tax system. they have to deal with the amt, the estate tax, the tax cliff that's coming, all these things come to a fore in 2013. gets to the point, when will they fix it? when they're right up against the abyss? >> i think if there's a fairly decisive election result, the democrats win across the board or the republicans win across the board, yes. i'm not so sure. i'm just not so sure what they're going to do if we get stuck in
, lack of leadership in many ways. it's a very, very bad situation for the united states. >> allowing our own congress to check our cleaners. checkers or chess? >> i'll tell you this, christine, i'm not going to play ken rogoff in chess. he's the grand master. this is the political system. they always put off these tough decisions until the last minute. i'll give you a little point of optimism, that this week, the house and senate -- >> went home? >> not quite, that's next week. they had a hearing on what to do about this tax system that ken and i have written so much about that's such a bottbomination, albatross around their neck, but at least they agreed we have to fix this thing. they said next year we got to do this. you can hold me to this promise. i think 2013 they do something really big on fixing the tax system. they have to do something with the a and t, the tax cliff, all this stuff comes to a point. when will they fix it? when they're right up against the abyss. >> i think if there is areally undivisive election vote, the democrats win across the board. i'm just not so sure wh
Search Results 0 to 7 of about 8 (some duplicates have been removed)